Deutsche Asset & Wealth Management (Deutsche AWM) has launched two fixed income funds, the Deutsche Limited Maturity Quality Income Fund and the Deutsche Ultra-Short Investment Grade Fund.
Each Fund seeks to provide investors with current income consistent with the preservation of capital and liquidity. The Funds, while not money market funds, are meant to serve the firm’s corporate clients and financial intermediaries’ evolving needs in light of the SEC’s Money Market Reform, which goes into effect October 2016.
“Deutsche AWM is committed to creating investment solutions across the spectrum of conservative fixed income products amid the evolving regulatory landscape,” says Joe Benevento, Chief Investment Officer for the Americas and Co-Head of Global Fixed Income for Deutsche AWM. “We will continue to assess the market and deliver innovative products in an ongoing effort to identify the changing needs of our clients.”
Deutsche Limited Maturity Quality Income Fund seeks to achieve its objective by investing mainly in high quality, short-term, US dollar denominated fixed-income instruments. Deutsche Ultra-Short Investment Grade Fund seeks to achieve its objective by investing in investment grade US dollar denominated fixed-income instruments. Both Funds offer two share classes, Institutional Shares and Investment Class, and Geoffrey Gibbs, Head of the US Liquidity Management Group, serves as the Lead Portfolio Manager of the team managing each Fund.